China Takes Another Step Forward in Promoting Blockchain Innovation

Previously, the CCID had created that the Blockchain Research Institute and the China Ecological Blockchain Alliance, that are assigned to fortify industry, plan research and blockchain engineering. The organizations also offer applications research and testing to China’s authorities.

Additional panelists included Dr. Qian Liu from the organization’s applications institute, Dr. Tao Lv from the China Software Testing Center, and Anlei Wei from the CCID Blockchain Research Institute.
Throughout the event, agents said what was essential to identify public chain items:
Serving directly under the Ministry, the CCID seeks to develop data businesses in China and bridge the gaps between authorities and business ventures by providing research, evaluations and certifications to continuing data jobs.

  1. An application has to possess its own independent main chain.
  2. Any thing needs to be able to freely create and operate a full node on the network.
  3. It should have a published block explorer in which data is readily monitored.
  4. It has to operate on open source code.
  5. Its main team members ought to be easy to contact via its website.

The China Center for Information Industry Development (CCID) of the Ministry of Industry and Information Technology at Beijing announced its yearly Global Public Chain Assessment Index at a recent conference. The platform is designed to provide thorough reviews of global blockchain jobs by renowned experts in academia, government and industry bodies.
The Ministry of Industry and Information Technology at China was set in 2008 as a government below the nation’s state council to manage China’s branches and data industry. Its principal duties include determining China’s industrial planning, criteria and standards; boosting the growth of big equipment and creation within China’s communications arena; guiding the building of data systems; and instilling mandatory protection for all these systems.

These regulations have allowed the company to identify several public chain items including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Cardano and NEO, amongst others. The first Global Public Chain Assessment will be officially announced this coming week, while the CCID’s website will function as its official publishing stage.
The convention introduced blockchain specialists to the CCID’s latest work in public series identification. The association’s Blockchain Research Institute has gained all its information through the collaboration of their CCID Think Tank, the China Software Testing Center and other departments built to scientifically evaluate global public series engineering and additional blockchain innovation. In the future, the CCID expects to provide professional consulting solutions to blockchain businesses, government branches, technology programmers and research institutes, and therefore paving the way for additional blockchain adoption.